It’s Time to Review Your Health Insurance Policy

Key Takeaways

• You should review your policy at least once a year to ensure you’re getting the most from your benefits, especially if your health needs change.
• Make sure to understand the costs associated with your plan, like your premiumA premium is a fee you pay to your insurance company for health plan coverage. This is usually a monthly cost. and deductibleA deductible is an amount you pay out of pocket before your insurance company covers its portion of your medical bills. For example: If your deductible is $1,000, your insurance company will not cover any costs until you pay the first $1,000 yourself. — and how they affect your coverage.